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The SECURE Act 2.0 introduced several new retirement-related tax changes, one of them being an increased tax credit for small businesses that offer retirement plans. Starting with tax year 2023 ...
As part of its effort to provide U.S. residents with a free tax-filing service, the IRS has partnered with 13 states as part of its Direct File pilot program for 2024. According to CNN, “several ...
Tax day. Tax season starts Jan. 29 and the deadline to file is April 15. However, taxpayers living in Maine or Massachusetts have until April 17 to file due to Patriots' Day and Emancipation Day ...
The Child Tax Credit lowers your taxes to $0, but that leaves $1,100 of the credit unused. This is where the ACTC kicks in, transforming the leftover amount into a refund. As a result, you could ...
The amounts of the Child Tax Credit (CTC), Earned Income Tax Credit (EITC), and the Child and Dependent Care Credit return to pre-COVID levels. EITC CTC 2023 Filing Season. The enhanced CTC was ...
For individuals, it will rise to $14,600 in 2024, up from $13,850 in 2023. For married couples filing jointly, it will rise to $29,200 for 2024, up from $27,700 in 2023. Those filing as heads of ...
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